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Lululemon raises holiday-quarter profit, revenue forecasts


(Reuters) - Athletica Inc said on Monday it had a strong holiday shopping season and raised its profit and forecasts for the fourth quarter.

The holiday quarter is critical for retailers and can account for up to 40 percent of their annual

"We are thrilled with our performance this holiday season that reflects an accelerating trend across all parts of our business, and we look forward to continued momentum in 2018 and beyond," said in a statement.

The Canadian and leisure apparel maker said it now expects net of $905 million to $915 million for the fourth quarter ending Jan. 28.

The company had forecast net of $870 million to $885 million when it had reported third-quarter results in December.

Vancouver-based expects earnings of $1.24 to $1.26 per share, up from its previous forecast of $1.18 to $1.21.

On an adjusted basis, it raised its earnings forecast to between $1.25 and $1.27 per share.

Analysts were expecting an adjusted profit of $1.22 per shares and of $883.8 million, according to I/B/E/S.

will report fourth-quarter results on March 27.

(Reporting by Nivedita Bhattacharjee; Editing by Savio D'Souza)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 17:48 IST